Volvo confirms new electric-only EX40 for 2027
Volvo has suggested that it will launch a new, all-electric EX40 SUV, following the cancellation of its smaller EX30 crossover in North America.
The EX30 was pulled from sale in the US due to a variety of factors. While shifts in policy towards EVs and imposition of import tariffs by the Trump administration didn’t help, the smallest car in Volvo’s electric failed to have much of an impact amongst US buyers.
Following the EX30’s cancellation, Volvo North America moved quickly and confirmed that a larger EX40-sized replacement is on the way, and will arrive as early as 2027.
On Monday, May 18, Volvo North America’s president, Luis Rezende, told reporters: “We’re going to have a new car coming, that will fulfill not exactly the same price point, but very similar. It’s going to be an EV that will deliver a lot of good things in a bigger space, but will also be fun to drive, I can promise you.”
The EX30 was priced at $45,000 (almost £34,000) at launch, and Volvo suggests that the upcoming car will be priced comparably. For reference, the EX40 is about $16,000 (£12,000) extra.
To keep things affordable, the Swedish carmaker’s upcoming model will likely ride on its EV-only SPA3 platform, which debuted with the new EX60 SUV earlier this year.
The absence of internal combustion engine means that SPA3 can be used to build B-segment to F-Segment vehicles, which all share the same battery types, software suite, and ultra-rapid charging 800V electrical architecture.
Given that the EX60 is the longest-range EV on sale in Europe, suggesting that the new EX40 could return up to 503 miles on a single charge thanks to the shared running gear. No information has been given as to whether the new model will be sold across European markets. Volvo’s current EV line-up in Europe comprises the EX30, EX40, EC40, EX90 and the ES90 saloon.
